What started off as an initiative to make its r
efineries greener (mango trees) has turned out to be a major money minting machine for Reliance Industries. Surprisingly ,mangoes are fetching higher profit margins than the company’s core products. It started last year when Reliance industries planted 470acres of mango plantation, largest in Asia; and produced some 387 tonnes of the juicy fruits. Around three tones of the consignment was purchased by London-based tony store chain, Harrods. The chain is selling the mangoes in both townships and some major store chains within the country and demands100 tonnes by next year. The mangoes are sold by Reliance Industries for Rs.40 per kg, which are then sold by foreign stores for as high as Rs.2,400 per dozen.
For Complete IIPM - Article, Click on IIPM-Editorial Link
Source:- IIPM-Business and Economy, Initiative:- Prof. Arindam Chaudhuri - 2006
efineries greener (mango trees) has turned out to be a major money minting machine for Reliance Industries. Surprisingly ,mangoes are fetching higher profit margins than the company’s core products. It started last year when Reliance industries planted 470acres of mango plantation, largest in Asia; and produced some 387 tonnes of the juicy fruits. Around three tones of the consignment was purchased by London-based tony store chain, Harrods. The chain is selling the mangoes in both townships and some major store chains within the country and demands100 tonnes by next year. The mangoes are sold by Reliance Industries for Rs.40 per kg, which are then sold by foreign stores for as high as Rs.2,400 per dozen.For Complete IIPM - Article, Click on IIPM-Editorial Link
Source:- IIPM-Business and Economy, Initiative:- Prof. Arindam Chaudhuri - 2006
indulging in criminal activities that range from stealing spare parts to committing murders even. The American Motorcyclist Association holds that such bad blood in the hood comprises only one percent of the motorcycle enthusiasts, and thus aptly so, clubs like the Hells Angels Motorcycle Club and The Bandidos are largely called the 1%’ers. It’s the free spirit that these bikers endorse and that has prevailed through space and time. A lifestyle embalmed in movies like T e Outsiders, and the unforgettable ‘The Fonz’ from the Happy Days TV show; you can even witness the lifestyle (if not the bike) in your own cities, when on misty winter mornings, from Coimbatore to Kolkata and Pune to Patiala, the ‘cruisingcruisers’ come thundering in...
businesses, including asset management, equity broking, commodity broking, fixed income broking, investment banking, equity financing et al, which contribute inflows to a head other than sales (for example, into a factor like other income, say, through dividends). Ergo, the company in itself doesn’t have a particular business to undertake, but only portfolio investments to manage, consequently earning from either the capital appreciation, or through some kind of corporate remittances. Surprisingly again, for the second rank, the PtS ratio churned out another relatively lesser known company, D. S. Kulkarni Ltd, which is primarily a real estate developer, but also has invested in various other industries like IT and chemicals etc.
Networth Stock, averred, “They are aiming at the production of 15 MMT by 2010 from 5 MMT presently. Also, the company has started ensuring availability of raw material supplies before going for expansion.” Indeed, ensuring raw material supply is of critical importance when there is a resource crunch. By 2015, the company plans to have a war chest of 30 MMT. Even SAIL is feeling the heat of the consolidation boiler. Medium-sized players like Jindal, Essar, Ispat and others have also announced more than Rs.300 billion for expansions. The plans look good, but are Indian players also playing the consolidation tune? The answer is yes, but consolidation is happening at a very slow pace currently. A case in point is the dragon zone, where the Indian players have a miniscule presence.